Argent Trust Co reduced its position in shares of American Express (NYSE:AXP) by 10.3% in the fourth quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 4,972 shares of the payment services company’s stock after selling 568 shares during the quarter. Argent Trust Co’s holdings in American Express were worth $494,000 as of its most recent filing with the Securities & Exchange Commission.
A number of other hedge funds and other institutional investors also recently modified their holdings of the business. Advisors Asset Management Inc. boosted its holdings in shares of American Express by 4.9% during the 3rd quarter. Advisors Asset Management Inc. now owns 143,134 shares of the payment services company’s stock valued at $12,948,000 after acquiring an additional 6,709 shares during the last quarter. Westpac Banking Corp boosted its holdings in shares of American Express by 2.2% during the 3rd quarter. Westpac Banking Corp now owns 243,683 shares of the payment services company’s stock valued at $22,044,000 after acquiring an additional 5,252 shares during the last quarter. Crossmark Global Holdings Inc. purchased a new stake in shares of American Express during the 3rd quarter valued at about $5,505,000. Shelton Capital Management purchased a new stake in shares of American Express during the 2nd quarter valued at about $670,000. Finally, Schroder Investment Management Group boosted its holdings in shares of American Express by 17.5% during the 3rd quarter. Schroder Investment Management Group now owns 1,416,401 shares of the payment services company’s stock valued at $127,674,000 after acquiring an additional 211,304 shares during the last quarter. Institutional investors and hedge funds own 84.11% of the company’s stock.
Shares of AXP stock traded down $2.29 on Friday, reaching $91.91. The company’s stock had a trading volume of 2,968,492 shares, compared to its average volume of 3,613,379. American Express has a 1 year low of $75.51 and a 1 year high of $102.39. The company has a debt-to-equity ratio of 3.06, a quick ratio of 1.93 and a current ratio of 1.93. The firm has a market cap of $81,038.26, a PE ratio of 15.66, a price-to-earnings-growth ratio of 1.29 and a beta of 1.14.
American Express (NYSE:AXP) last posted its quarterly earnings data on Thursday, January 18th. The payment services company reported $1.58 EPS for the quarter, topping the consensus estimate of $1.54 by $0.04. The company had revenue of $8.84 billion during the quarter, compared to analyst estimates of $8.73 billion. American Express had a net margin of 8.08% and a return on equity of 26.00%. American Express’s quarterly revenue was up 10.2% compared to the same quarter last year. During the same period in the previous year, the firm earned $0.91 earnings per share. equities analysts predict that American Express will post 7.14 EPS for the current year.
The company also recently disclosed a quarterly dividend, which will be paid on Thursday, May 10th. Shareholders of record on Friday, April 6th will be paid a dividend of $0.35 per share. This represents a $1.40 annualized dividend and a yield of 1.52%. The ex-dividend date is Thursday, April 5th. American Express’s payout ratio is 23.85%.
Several equities analysts have recently weighed in on AXP shares. Zacks Investment Research cut shares of American Express from a “buy” rating to a “hold” rating in a research note on Wednesday, January 10th. JPMorgan Chase cut shares of American Express from an “overweight” rating to a “neutral” rating and set a $90.00 price objective on the stock. in a research note on Friday, January 12th. Sandler O’Neill reiterated a “buy” rating on shares of American Express in a research note on Wednesday, January 17th. Barclays set a $119.00 price objective on shares of American Express and gave the stock an “equal weight” rating in a research note on Thursday, January 11th. Finally, Wells Fargo restated an “outperform” rating and set a $115.00 target price (up previously from $105.00) on shares of American Express in a research note on Tuesday, January 9th. One research analyst has rated the stock with a sell rating, seventeen have assigned a hold rating and thirteen have assigned a buy rating to the stock. American Express presently has a consensus rating of “Hold” and a consensus price target of $104.38.
In other American Express news, insider James Peter Bush sold 13,356 shares of American Express stock in a transaction on Thursday, February 1st. The shares were sold at an average price of $98.65, for a total transaction of $1,317,569.40. Following the completion of the transaction, the insider now directly owns 100,790 shares of the company’s stock, valued at $9,942,933.50. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. 0.20% of the stock is owned by insiders.
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American Express Profile
American Express Company, together with its subsidiaries, provides charge and credit payment card products and travel-related services to consumers and businesses worldwide. It operates through four segments: U.S. Consumer Services, International Consumer and Network Services, Global Commercial Services, and Global Merchant Services.
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